Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2269.9, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2292.4, ₹2321.4, and ₹2343.9, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2240.9, ₹2218.4, and ₹2189.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.